Production of the fruit could reach 330 thousand tonnes in 2020, said the country’s minister of Agriculture, Samir Taïe.
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The country was among the markets that grew over 20% last year. Exports to the Arab world grew by 5%. Cecafé will participate for the first time in Gulfood in Dubai.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
Abicalçados reported a 0.9% decline in revenue and a 0.9% increase in volume shipped year on year. UAE were the 14th largest market of the year.
Arab country purchased 71,400 tonnes last year. Spearheaded by China, exports hit record levels in both volume and revenue.
Brazilian manufactures association estimates sales at 3.05 million units. But exports are expected to decline.
North African country shipped 49,000 tonnes in 2019, up 36% from 2018.
Negative current balance stood at USD 2.1 billion in November and USD 45 billion year-to-date. But foreign direct investment made up for it.
July through November – the first five months of the 2019/2020 crop season – saw 535,714 tonnes shipped abroad.
Exports from Brazil to the region were up nearly 40% year-to-date through November, with sales to the biggest markets increasing.
Beef exports from Brazil are set to end the year 13% higher than 2018 at a record-breaking USD 7.5 billion as per industry association Abiec estimates.
Brazil shipped 37.4 million bags year-to-date through November. Arab countries imported 12% more.
Last month saw USD 8.21 million worth of product shipped from Brazil last month. Meats led the way, with sales also increasing for maize, cotton, and orange juice.
Last November, the ton of beef from Brazil was sold for 21.6% more than a year ago. Specialists explain how sales to the Chinese may impact other markets, such as the Arabs.
